Wednesday, January 27, 2010

Are the first glimmers of a housing market recovery in Sussex visible??According to the latest government figures, the housing market is showing signs of recovery.The only thing slowing it down appears to be a lack of properties on the market. Activity may have picked up, but price levels seem to have returned to where they were several years ago, with the average house price in Sussex for the first quarter of 2009 being £202,952.00 compared with £254,070.00 last year.

According to the Royal Institution of Chartered Surveyors (RICS), 6% of estate agents across the UK said that property values had risen in May, but 42% said they fell! It's not uncommon for there to be months of rising prices when house prices overall are still trending down and it's predicted that house prices will fall by a further 10% in real terms to hit their nadir around mid-2010

In such a confusing but potentially promising environment, it's more important than ever to secure the services of experienced and knowledgeable Estate agents London. The personal touch and commitment still matters, particularly if you are looking to buy or sell property in or around Burgess Hill.These areas are proving very popular, due to their excellent rail and road communications with London. Houses here are targets for those moving down from Surrey and Greater London in order to upsize for less money and for potential commuters travelling in the other direction looking for a pleasant home base within convenient striking distance of the City.

A lot of people turned to the rental market after their homes failed to sell, but in Sussex at least it would seem that now is an opportune moment for homeowners to put their properties back on the market with a knowledgeable local agent. However, the rental market also remains buoyant, especially in Burgess Hill and the outlook for sussex property is extremely good compared to property to rent in Wandsworth so whether you are seeking a property to rent or you're a landlord looking for high quality, professional tenants.

No comments:

Post a Comment